Monrovia, Liberia- County Autohrities of Margibi County have been given a four-day ultimatum by Money Exchangers to pay debts owed them or risk serious action.
Marcus Rogers, a spokesman for the money exchangers, commonly known to the Liberian public as money changers said, county authorities of Margibi has defaulted on the plan to repay the loan, something he said is causing serious embarrassment to their business.
Rogers told journalists in Harbel, that the Margibi County Administration took a loan of US$8,000 from money exchangers in the county for the purpose of preparing the county sports teams for the upcoming National County Meet. The said amount according to rogers, should have been paid since May 15, 2018 with an interest of US$2,000, however, the amount has not been paid.
The four-day ultimatum, the money exchangers spokesman said, comes to an end on Saturday, December 15, 2018. He said, money changers will stage a protest to resist the national county meet to be held in Margibi.
Mr. Joe Benson Josiah, the Information Officer of Margibi County when contacted, admitted to the county’s indebtedness to the money exchangers, but disagreed that the county has failed to repay the amount. Mr. Josiah said, the county administration has paid up to US$5,000.
The Margibi Information Officer informed the press that the Ministry of Finance has been informed about the current situation and urged the money exchangers to exercise patience as the full amount will be restituted shortly.